The culture of the panel of preferred advisers is seen to have its origins in the UK. While the aggressive cost-cutting and lack of secrecy which characterise the UK panel may not be common in the US, there are signs that corporate counsel stateside are treating a change of adviser more and more like a panel review. Ed Thornton reports
September 21, 2005 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
UK panel reviews are much talked about affairs and, for the firms involved, the stakes are high.
Major financial institutions, such as UBS, RBS and Deutsche Bank, have all recently unveiled new rafts of legal advisers, with the results much-trailed by law firms hungry to earn a place on the new roster.
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